Telangana and Assam join UDAY program

Telangana and Assam became the 19th and 20th signatory states of the UDAY program. Telangana is estimated to achieve a net benefit of ~Rs 61.16 billion and Assam a net benefit of ~Rs 16.63 billion. With this the total UDAY signatories become 19 states and one UT, accounting for ~90 per cent of the total debt to be restructured through the program. According to a release, both signed their MoUs with the Power Ministry for operational and financial turnaround of their respective state discoms.